Swing Trade Setup - CAMECO bouncing off 200 Day Moving Average
CAMECO and Uranium as a sector is from a macro view very intersting. After respecting the 200 Moving Day Average and the basic trendline for the 5th time, the setup for a swing trade in CCJ looks very compelling.
I bought the stock yesterday at 16.08 with a Stop Limit below the 200 MA at 15.50 USD. (Due to the volatile nature of uranium stocks I gave it a bit more space to run than usual in a trade like this)
I bought the stock yesterday at 16.08 with a Stop Limit below the 200 MA at 15.50 USD. (Due to the volatile nature of uranium stocks I gave it a bit more space to run than usual in a trade like this)